NEW DELHI: There is fresh confusion over voting rights for home buyers in real estate companies, such as Jaypee Infratech and Amrapali, despite the Insolvency and Bankruptcy Board of India (IBBI) issuing a circular, mandating that only those who have submitted claims of their property will be treated as part of the electoral college (committee…
Katie is losing grip of her funds (Picture: Getty) Katie Price might be facing insolvency in a little over a month if she doesnt repay her debts, however the woman apparently has been looking at some new money-making avenues. After breaking things off with boyfriend Kris Boyson, the mother-of-five was spotted dancing up a storm…
Katie Hopkins has applied for an insolvency agreement in a last-ditch attempt to avoid bankruptcy after losing a libel case to food writer and poverty campaigner Jack Monroe. The controversial columnist was ordered to pay Monroe £24,000 in damages and legal costs in March last year after the High Court ruled comments the rig… Read…
Taking exception to the use of its name, the Insolvency and Bankruptcy Board of India (IBBI) has suspended the licence of an insolvency professional. The insolvency professional, Kapil Goel, had registered his company as IBBI Insolvency Practioners LLP. The company was incorporated in November 2017. When the regulator saw this,…
IFA farm business chairman Martin Stapleton welcomed the move by BidX1 and also called on vulture funds to engage directly with the IFA and farmers to resolve debt issues. “Farmers have to be given a fairer period of time to repay their debts. IFA is sick of dealing with endless intermediaries on behalf of these…
Sub: Update on NCLT hearingWe wish to inform you that during the hearing dated 12th September 18 of CP No. (IB) 292 (MB)/2017 in the matter of Bharati Defence and Infrastructure Ltd., the Honourable NCLT, Mumbai has passed an interim order stating that any prospective Resolution Applicant who intends to file an Application relating to…
VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) — Imperial Metals Corporation (Imperial or the Company) (TSX:III) commences a financial and business restructuring process. As of the close of business on September 14th Imperial completed the following actions: Extension of the due date of the Companys Secured Revolving Senior Credit Facility of $200 million from…
Multinational pharmaceutical company Daiichi Sankyo and HDFC Bank are at logger heads with each other to ensure that they are not denied their rightful money by erstwhile Fortis promoters, the Singh brothers. In the latest twist of the tale, Daiichi has moved the National Company Law Tribunal (NCLT) to stay insolvency proceedings of RHC Holdings,…
Craig Levy has said he’s sorry for killing his Airbnb visitor over a $210 debt, but Ramis Jonuzi’s sister has told a Melbourne court she’ll never forgive him. Naime Balla struggles to remember the good times with her brother – her last memory is his body lying on a slab in a coroner’s office. Levy,…
Following a joint investigation by the Insolvency Service and the Metropolitan Police, Sarkis Agop Kouyoumdjian (55), of Kensington High Street, West London, appeared at Southwark Crown Court on Friday 14 September where he also received a nine year directorship disqualification. The court heard that in November 2011, Sarkis Kouyoumdjian voluntarily accepted a disqualification undertaking in…